8210 Decatur St, Detroit, MI 48228

Property Description

SECTION 8 TENANT IN PLACE AND CASHFLOWING! Welcome to the SECTION 8 passive cashflow that Detroit has to offer. This property is the perfect entry point and has all the basics of a sound investment: (1) Existing cashflow with a long term SECTION 8 tenant in place at $1237/month (2) Plenty of EQUITY to refinance and even execute a BRRR to pull all the money out (3) Great potential for appreciation. Detroit is on the raise and this property's close proximity to Dearborn makes it even better. That's not all - the upper unit is totally renovated and tenant ready. The seller is determined to make this an easy win for you so there is one more perk. This property is profesionally managed by a management company specifically focused on Detroit Section 8 and if you keep them on, they'll lease the upper unit. Key highlights: - New boiler 5 years ago ($6000 install) - New drain line to the city tap with permits pulled ($5000) - Upstairs unit totally updated and ready to a section 8 tenant for about $1100 for total income of $2237 - No known roof leaks Terms of the offer: - offers without a physical walk through by a contractor, agent or buyer will not be considered - offers must have a proof of funds, pre-approval and be completely filled out - This is priced to sell fast so seller will only select buyers who show a level of urgency